PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Capital Fleet Services Identifies More Than $96 Million in Cost Savings for Customers in Second Quarter - GE Capital Fleet Services today announced it identified more than $96 million in cost savings for customers in the second quarter of 2010 (NYSE: GE)
GE Capital Fleet Services Identifies More Than $96 Million in Cost Savings for Customers in Second Quarter

 

NewswireToday - /newswire/ - Eden Prairie, MN, United States, 2010/08/02 - GE Capital Fleet Services today announced it identified more than $96 million in cost savings for customers in the second quarter of 2010 (NYSE: GE). NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

GE’s work with customers to optimize returns on their fleet investments has resulted in identified cost savings of more than $160 million for the first half of 2010.

During a recent client analysis of a large healthcare company, GE Capital Fleet Services determined that a company car program that utilized leasing and incorporated all vehicle services, such as maintenance, fuel, accident, or others would result in significant cost savings when compared to the reimbursement program the client had in place. GE Capital Fleet Services assisted the company with the OEM and vehicle selection process and developed a fleet policy to move from a reimbursement program to a company car program, helping the company realize a cost savings of approximately 20 percent.

In descending order, the largest areas of cost savings identified by GE Capital Fleet Services for its customers during the quarter include:

• Company leased vehicles versus company owned vehicles ($35 million): Leasing a fleet instead of owning a fleet of vehicles for use by employees.
• Total-cost-of-ownership analysis ($19 million): Using cost analysis to evaluate and select OEMs and vehicles.
• Optimal replacement strategies ($19 million): Determining the optimal time to cycle vehicles in fleet, given applicable costs.
• Negotiated maintenance savings ($9 million): Using technology and maintenance expertise to reduce maintenance spend.
• Company car programs versus reimbursement programs ($6 million): Moving to company car programs from mileage reimbursement plans.

“As companies continue to evaluate ways to increase efficiency while managing cost, GE’s fleet management strategy helps provide the expertise and support to maximize their investments into fleet operations,” said Brad Hoffelt, senior vice president of analytics at GE Capital Fleet Services. “From maintenance costs to the decision to convert to a company car program, we work with our customers to identify ways to add to the bottom line.”

About GE Capital, Fleet Services
GE Capital, Fleet Services (gefleet.com), based in Eden Prairie, Minn., is a global fleet management company with operations in the United States, Canada, Europe, Japan, Australia and New Zealand. Visit the Website or follow company news via Twitter (@GEFleetSvcs).

GE Capital offers consumers and businesses around the globe an array of financial products and services. For more information, visit gecapital.com or follow company news via Twitter (@GECapital). GE (ge.com) is a diversified infrastructure, finance and media company taking on the world’s toughest challenges. GE operates in more than 100 countries and employs about 300,000 people worldwide.

Press Contact
Sherri Ruesink, Capital Solutions - Fleet Services
P: +1 952 828 2875 / E: Sherri.Ruesink[.]ge.com.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Financial/Legal/Venture Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Financial/Legal/Venture articles,
CATCH Visitors via Your Competitors Announcements!


GE Capital Fleet Services Identifies More Than $96 Million in Cost Savings for Customers in Second Quarter

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Ned Reynolds - GE Capital, Americas 
+1 203-229-5717 ned.reynolds[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Financial/Legal/Venture via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Financial/Legal/Venture Most Recent Related Newswires:

Infinera to Participate in Upcoming Investor Conference
Propel Financial Services Partners with Clear Payment Solutions
Digital Payments Power Growth in Booming Asia-Pacific Financial Technology Landscape Notes Frost & Sullivan
Digital Readiness Key to Growth Opportunities in the Financial Services Market
Prairie Capital Advisors Announces The Sale of Cornerstone Treatment Facilities Network to An ESOP
Koch Agrees to Invest Over $2 Billion in Infor
FTI Consulting Recognized as a Top Service Provider in the Legal Industry
GE Completes Spin Off and Demerger of Bank BPH Core Bank to Alior Bank
ALM Expands Senior Leadership Team, Organization Focused on Customers and Transformation
Lazard Acquires Remaining 50% Stake in MBA Lazard - Fully Integrating its Latin American Operations
Western Union Business Solutions Announce Mark Davis As Head of Australia and New Zealand
Tabarak Investment Capital and Elite Capital & Co. Limited in Discussion to Finance Projects
Consulting Magazine Unveils the Profession’s Fastest Growing Firms At Inaugural Gala
Hills Invest Signs An Agreement with The Afore Profuturo in Mexico
TRA Searches for TPA Acquisition Opportunities

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  Triggr & Bloom

Visit  JobsWare.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)